Zimbabwe’s mining laboratories get overwhelmed amid gold price surge

By Jerry  Published On August 14, 2025

Zimbabwean laboratories are struggling to keep pace with a wave of mineral samples from mines, accelerating exploration on the back of record gold prices.

Gold hit an unprecedented $3,500 an ounce in April, driven by geopolitical tensions, central bank stockpiling, and, more recently, economic uncertainty stoked by U.S. President Donald Trump’s tariffs.

Even Zimbabwe, where gold output had slumped after decades of political and economic turmoil, has staged a sharp rebound. The central bank has resumed issuing gold coins after a 10-month suspension, showing renewed confidence in the sector.

Production reached 24.3 metric tons in the first seven months of 2025, up 40% from the same period a year earlier.

Annual output is now forecast to exceed 40 metric tons, setting a new record and marking a dramatic recovery from just 3 tons in 2008.

Caledonia’s net profit surged to $34.8 million in the first half of the year, from $12.25 million a year earlier, lifted by higher production and a 40% jump in the average gold price.

CEO Mark Learmonth said the company is exploring funding options for its Bilboes project, which could become Zimbabwe’s biggest gold mine, while aiming to avoid significant equity dilution or cuts to its dividend policy.

Source: Africabusinessinsider


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